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Johnson & Johnson Plans CPG Split

Johnson & Johnson plans to split off the $15-billion-a-year consumer division that sells Band-Aid bandages, Tylenol medicines and Johnson’s Baby Powder in 18-24 months. “The world’s largest health-products company by sales will separate its high-margin but less predictable prescription-drug and medical-device businesses from its storied but slower-growing consumer group, creating two publicly traded companies,” per The Wall Street Journal

Read the whole story at The Wall Street Journal »

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